The bet was placed on race favourite, and eventual winner, Miss Octopussy, while Oliver rode second favourite Europa Point to finish sixth.

Despite this, stewards are said to have found no problems with way Oliver rode Europa Point in that race and he will not be charged with not allowing his mount to perform to its ability.

Instead he will be charged with AR 83(c), which relates to the fact that no jockey may be involved on betting on thoroughbred racing, as well as AR 160B(3), which prohibits anyone from using mobile phones in the jockey’s room.

Racing Victoria issued a statement pertaining to the charges early this morning.

“On the basis of those admissions and the subsequent charges, Mr Oliver has been stood down from riding under Australian Rule of Racing (AR) 193 pending a hearing before a stewards’ panel on Tuesday, 20 November 2012,” the statement said.

“The admission and charges follow an investigation by stewards into allegations that Mr Oliver bet on favourite and race winner Miss Octopussy at Moonee Valley on 1 October 2010, a race in which he finished sixth on second favourite Europa Point.”

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